Nifty weekly outlook: 24,500 holds the key to next leg of gains; focus on stock-specific bets

The Nifty ended the week with modest gains as the index defended the crucial 23,800–24,000 support zone, keeping the broader technical structure positive. Analysts expect the next move to hinge on the 24,500 resistance level, where the 100-week moving average could pose a hurdle. A breakout above this zone may revive stronger upside momentum, while support remains intact.

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